Canopy Growth Corp T.WEED

DEA isn't 100% final

[Tradinghands]

By time all systems are go your child will be a teenager! maybe next year 2025 might have it legalized for medical only but its not a done deal yet still a lot of red tape the same color of this stock heading lower as excitement fades to memories of the past and companies scramble for money as they keep burning through it.

It’s not clear when the change would take effect—the DEA’s proposal still needs approval from the White House’s Office of Management and Budget, according to the Associated Press. Beyond that, the proposal would then have to go through a public comment period before the DEA could publish the final rule.

There’s still a lot that can happen before the change takes effect. The public comment period could push the DEA to change course, Brett Schuman, a co-chair of the Goodwin law firm’s cannabis practice, told Forbes in an email. Additionally, the new policy “likely will be challenged by someone, somewhere in a lawsuit, and of course could be reversed depending on the outcome of the November 2024 election,” Schuman said.

Marijuana Will Shift To Lower Drug Class—Boosting Medical Marijuana, Reports Say (forbes.com)